President Donald Trump touted a "blockbuster agreement" between U.S. Steel and Japanese company Nippon Steel that he said would keep the U.S. steelmaker in Pittsburgh.

By Jeff Mason, Alexandra Alper and Trevor Hunnicutt WEST MIFFLIN, Pennsylvania (Reuters) -U.S. President Donald Trump on Friday lauded an "agreement" between Nippon Steel and U.S. Steel at a political rally but stopped short of clarifying whether he planned to approve the companies' diplomatically sensitive merger.

President Donald Trump touts Nippon Steel’s partnership with U.S. Steel, calling it “a blockbuster agreement" that ensures the company “stays an American company."

President Donald Trump announced a partnership between U.S. Steel and Japanese steelmaker Nippon that he says will keep the headquarters in Pittsburgh and draw $14 billion in investment toward the US economy.

Though industry insiders are still waiting on the details, early indicators are that Alabama could gain handsomely from the U.S. Steel-Nippon partnership that President Donald Trump announced last week.

U.S. President Donald Trump heads to Pittsburgh, Pennsylvania on Friday to headline a rally to celebrate Nippon Steel's "planned partnership" with U.S. Steel, signaling final approval for the deal could be on the horizon.

On Friday, President Donald Trump announced his support of a $14 billion “investment” by Japan-based Nippon Steel in U.S. Steel, but how that might impact the Metro East, the home of U.S. Steel/Granite City Works,

The president says that an agreement with Nippon will involve ‘no layoffs’ and would include a $5,000 bonus to steelworkers.

West Mifflin Mayor Chris Kelly and North Braddock Mayor Cletus Lee are confident that the Mon Valley region will take a leap forward, resulting from Nippon Steel's investment in U.S. Steel.